Locations
Ontario, Canada · Toronto Division, ON, Canada · Toronto, ON, Canada · Scarborough, Toronto, ON, Canada · Old Toronto, Toronto, ON, Canada · North York, Toronto, ON, Canada · Etobicoke, Toronto, ON, Canada · York, Toronto, ON, Canada
industry
Food · Hardware
Size
11-50 employees
Stage
Seed
founded in
2014
KitchenMate is reinventing food vending for the modern consumer, with self-serve checkout technology, self-serve cooking technology, and a companion app. Our kiosks are installed at the heart of big buildings where hundreds of people live, work, and play. It's intelligently stocked using deep consumer data. Each location generates $2,000 to $6,000/month in food sales for the operator. Since launching GEN2 in July 2022, we've been growing our Toronto operation 20%-30% m.o.m, with $160K/month in sales in 60 locations by the end of this quarter. People have ordered over 200,000 items from our locations to-date through our self-checkout and cooking technology. We've also landed a deal with a $3B vending business to add our hot food offering to 500 out of 18,000 of their vending locations, following a 20 location pilot. This deal has a TAM of $65M/year in tech licensing fees at 95% gross margin. We've also landed deal with the largest fresh food vending operator in the US. We are also discussing deals with 3 other enterprise food operators. KitchenMate is founded by serial entrepreneurs Yang Yu, Aditya Bali, and Arwid Bancevicius, with deep domain expertise and experience scaling high-tech consumer products at Google and Amazon.
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